When was Planetary Resources founded?

Planetary Resources was founded in 2010 and raised its 1st funding round 2 years after it was founded.

Where is Planetary Resources located?

Planetary Resources is headquartered in Redmond, United States.

How many employees does Planetary Resources have?

As of Dec 31, 2017, Planetary Resources has 49 employees, reflecting a 3% year-over-year decline in headcount.

Is Planetary Resources a funded company?

Planetary Resources is a funded company, having raised a total of $49.6M across 5 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Apr 18, 2012.

When was the latest funding round of Planetary Resources?

Planetary Resources' latest funding was a $***** Series A round on Nov 15, 2016, with participation from 8 investors. Its primary sector is Space Tech. In United States, the Space Tech sector has seen $2.53B in funding in 2026 to date.

Where does Planetary Resources rank among its competitors?

Planetary Resources ranks 5th amongst 12 active competitors, of which 5 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Fleet Space, which secured $100M in Dec, 2024.

Who are the top competitors of Planetary Resources?

Planetary Resources' top competitors include Fleet Space, AstroForge and TransAstra. Among them, Fleet Space secured the most recent funding round in December, 2024.

Planetary Resources - 2026 Company Profile, Team, Funding & Competitors

Company Details

Planetary Resources design and manufactures small satellites and spacecraft that can help space exploration missions to mine and use fuel from asteroids. The company is also working on building identify asteroid for mining purposes. Currently the company is working on futuristic projects like Rocket Propellant, the company intends to use water as propellant source in space; Life Support, working on design to transport large quantities of water to space; and Metal, its long term plan include mining metal and fuel from asteroids. Their spacecraft uses the laser-optical technology for ground communications and hereby reduces bulk over conventional systems.

Website: planetaryresources.com
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Key Metrics

Founded Year

2010

Location

Redmond, United States

Stage

Acqui-Hired

Total Funding

$49.6M in 5 rounds

Latest Funding Round

Series A, Nov 15, 2016, $*****

Investors

OS Fund & 18 more

Ranked

5^th among 12 active competitors

Employee Count

49 as on Dec 31, 2017

Similar Companies

Fleet Space & 13 more

View Planetary Resources' full profile

Planetary Resources has raised a total funding of $49.6M over 5 rounds. Its first funding round was on Apr 18, 2012. Its latest funding round was a Series A round on Nov 15, 2016 for $*****. 8 investors participated in its latest round. Planetary Resources has 18 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Planetary Resources:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 15, 2016	1507893	Series A	6440580	7813154	6985191	3342921
Nov 03, 2016	9878207	Series A	8866578	1023896	5448759	Luxembourg
Nov 03, 2016	9447692	Grant (prize money)	3442517	9178309	2693181	SNCI

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View details of Planetary Resources's funding rounds and investors

The founders of Planetary Resources is Peter H Diamandis.

Here are the details of Planetary Resources' key team members:

Peter H Diamandis: Co-founder & Co-Chairman of Planetary Resources and founder of 10 other companies, including Nokia Sensing XCHALLENGE, Human Longevity and SingularityHub. They are also an angel investor in 6 startups.

View details of Planetary Resources's Founder profiles and Board Members

Planetary Resources' employee count trend

Planetary Resources has 49 employees as of Dec 17. The total employee count is 4.0% lower than what it was in Dec 16. Here is Planetary Resources's employee count trend over the years:

Employee count trend for Planetary Resources

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Top competitors of Planetary Resources include Fleet Space, AstroForge and TransAstra. Here is the list of Top 10 competitors of Planetary Resources, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fleet Space 2018, Adelaide (Australia), Series D	Developer of space-enabled platform delivering integrated data for mineral exploration	$167M	Blackbird Ventures, Horizons Ventures & 14 others	63/100
2nd	AstroForge 2022, Seal Beach (United States), Series A	Operator of spacecraft for deep space asteroid tracking and resource extraction	$56M	Initialized Capital, Nova Threshold & 11 others	49/100
3rd	TransAstra 2015, Los Angeles (United States), Funding Raised	Developer of satellites and space equipment	-	Lucas Venture Group, Andover & 4 others	47/100
4th	Starpath 2022, Los Angeles (United States), Seed	Developer of technology for in-situ resource utilization to produce rocket propellant	$14.5M	8VC, Fusion Fund & 5 others	43/100
5th	Planetary Resources 2010, Redmond (United States), Acqui-Hired	Satellite and space-craft manufacturers for asteroid mining and space exploration	$49.6M	Bayrock, Conversion Capital & 17 others	42/100
6th	Origin of space 2017, Nanjing (China), Seed	Offers space exploration services and utilization of space resources	$7.05M	Matrix Partners China, Linear Venture & 2 others	39/100
7th	Magna Petra 2023, United States, Unfunded	Developer of mining and refining materials for moon and mars	-	-	38/100
8th	Deep Space Industries 2012, Houston (United States), Acqui-Hired	Asteroid mining	$4.75M	Space Angels, SpaceFund & 2 others	30/100
9th	Asteroid Mining Corporation 2016, Liverpool (United Kingdom), Unfunded	Asteroid Mining Corporation - To redefine mining tomorrow and beyond	-	-	28/100
10th	SpaceGold 2019, Tucson (United States), Unfunded	Space resource mining company delivering precious metals from off-world sources	-	-	25/100